Not exact matches
Lawyers and
accountants are buzzing about the
tax issues springing up
around Bitcoin Cash and other new air - dropped currencies.
So, for instance, if you bought Bitcoin as an investment in late 2013, when it was trading at
around $ 1,000, and used it to buy a car when the currency was trading at $ 18,000, you would have a long - term capital gain of $ 17,000, explained Ryan Losi, an
accountant and executive vice president at Piascik, a
tax firm.
In some cases a premium domain can be effective in helping with your
tax strategy too (please ask your
accountant for details); or can work as an alternative asset (like Bitcoin), a way to store investment value in «the cloud» forever, that is easy, anonymous, and cheap to control and move
around (ask a pro).
«The strategies for reducing your
tax bill for 2017 revolve
around claiming all of the deductions and
tax credits you legally deserve,» said certified public
accountant Debbie J. Freeman, director of financial planning at Peak Financial Advisors in Denver.
An
accountant with UC I know has major bowel issues when
tax time comes
around.
The demand for
accountants,
tax experts and bookkeepers usually surge
around tax time (in April) as businesses rush to prepare to file their
tax returns.
My
tax accountants say they usually bill
around $ 750 to prepare a Form 709.
Ask
around amongst your friends and family for an
accountant who can take your shoebox of receipts and turn it into a legible, audit resistant
tax return.
Today, we e-filled our income
tax return for the year 2013 and our
accountant told us that we will get
around $ 5000
tax return:).
There are no TV shows (that I know of) that feature, say, a retired
accountant who travels
around the country visiting friends and keeps uncovering vast
tax evasion conspiracies that must be solved in an hour.
Nor is it anything new: Alan Coren's feuilleton
Tax Brittanica was probably not far off the mark, with his fictional Roman accountant, Dubious Abacus, running rings around the hapless tax inspector Miscellaneous Onus in 408
Tax Brittanica was probably not far off the mark, with his fictional Roman
accountant, Dubious Abacus, running rings
around the hapless
tax inspector Miscellaneous Onus in 408
tax inspector Miscellaneous Onus in 408 AD.
Your
accountant should be able to advise you regarding whether or not you need to be concerned with capital gains
tax and what you can do to plan
around it.
You'll be especially grateful for your
accountant when
tax season rolls
around.